In a May 3 report, Morgan Stanley Research highlights that the "basis of competition will continue to shift away from basic phone/voice capabilities toward various compute functions, including graphics, video, and audio, requiring increasing wireless internet data bandwidth. Consequently, our view is that the basis of competition will shift increasingly toward ability to handle compute functions - an area of strength for Intel." The report goes on to highlight Intel's "Moorestown" platform and says that "with Moorestown, Intel will finally start to meet the power budget for Smartphones." Read the complete report.